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September 29, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
New NADA Study: Employee Wages Rise at New-Car Dealerships
U.S. House Passes H.R. 6094 to Provide Small Businesses More Time to Implement Flawed Overtime Rule
NADA Releases New Guide on Wage and Hour Law
VW CEO Hopeful of Deal with U.S. Authorities by Year-End
VW Weighs More Models to 'Strike Back' in U.S.
Car Makers Rev Up Push Into Electric Vehicles
CPO Forum in Las Vegas Offers Free, VIP Passes to NADA Member Dealers and Managers
Top Stories
New NADA Study: Employee Wages Rise at New-Car Dealerships

Millennials now account for 42% of the dealership workforce

The average annual compensation for employees at new-car dealerships working in all positions was $69,718 in 2015, an increase of 1% from the previous year, according to a new study released today by the National Automobile Dealers Association. Average weekly earnings across all dealership positions were $1,341 in 2015, a 1.4% increase, according to NADA’s 2016 Dealership Workforce Study (DWS), which highlights key trends on compensation, benefits, retention and demographics of nearly 2,000 new-car and -truck dealerships that participated in the survey.
Source: NADA

Editor's note: Dealerships that participated in the study receive the Trends report as well as customized reports. Non-participants can purchase the Trends report by clicking here or calling 800.557.6232.

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U.S. House Passes H.R. 6094 to Provide Small Businesses More Time to Implement Flawed Overtime Rule

The U.S. House of Representatives on September 28 passed the Regulatory Relief for Small Businesses, Schools, and Nonprofits Act (H.R. 6094), which requires a six-month delay in the effective date of the Department of Labor’s extreme and partisan overtime rule.  The legislation was introduced by Rep. Tim Walberg (R-Mich.), chairman of the House Subcommittee on Workforce Protections.

Finalized in May, the unprecedented rule doubles the salary threshold for overtime eligibility and requires automatic adjustments every three years while doing nothing to improve the existing maze of federal overtime requirements.

Concerns have been raised that the rule will stifle workplace flexibility and opportunity, impose significant burdens on small businesses, jeopardize crucial nonprofit services, and increase the cost of higher education.  To prevent these consequences, the department should withdraw its rule and work to modernize our nation’s overtime rules responsibly.

However, the department has refused to heed these concerns and plans to implement the rule on Dec. 1, 2016.  H.R. 6094 would delay implementation of the rule by six months, providing workers, small businesses, nonprofits and colleges and universities more time to prepare for dramatic changes resulting from the department’s final rule.

To read the bill, click here. To learn more, click here.
Source: NADA

Editor's note: NADA supports H.R. 6094 and will be working for its enactment in the Senate.  Sen. James Lankford (R-Okla.) introduced a companion bill on September 28.  NADA is a member of the Partnership to Protect Workplace Opportunity (PPWO), which is coalition of businesses opposing the Department of Labor’s anti-employer rules. 

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NADA Releases New Guide on Wage and Hour Law

The new Dealer Guide to Federal Wage and Hour, Child Labor and Wage Discrimination Compliance (L01) is now available on NADA University Online (username and password are required). It provides franchised automobile and commercial truck dealerships an overview of the federal law on wage and hour, child labor and wage discrimination, along with dealership-specific suggestions for compliance. The guide includes a discussion of the U.S. Department of Labor's amendments to the "white collar" employee overtime exemptions scheduled to take effect Dec. 1, 2016. The guide is available at no charge to NADA and ATD members and for a nominal charge to nonmembers.
Source: NADA

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VW CEO Hopeful of Deal with U.S. Authorities by Year-End

Volkswagen AG Chief Executive Matthias Mueller said on Wednesday he is hopeful the German automaker can reach agreement by the end of the year with the U.S. government on the size of a fine to settle a criminal investigation of the company's alleged violations of U.S. clean air laws. Mueller, speaking on the sidelines of the Paris auto show, said he also sees “good progress” toward an agreement with U.S. regulators that could allow Volkswagen to repair certain 3.0 liter diesel engines that emit more pollutants than U.S. law allows.
Source: Reuters

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VW Weighs More Models to 'Strike Back' in U.S.

Volkswagen is mulling new models to bolster its car-heavy U.S. lineup as it charts a U.S. recovery plan, its global brand chief says. Speaking to reporters at a media event [in Paris], VW brand chairman Herbert Diess said the company will decide “probably early next year” whether to add additional models to its U.S. car and light-truck lineup. Diess didn’t offer details on the models under study, but hinted strongly that VW is more likely to add more SUVs and crossovers than sedans.
Source: Automotive News

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Car Makers Rev Up Push Into Electric Vehicles

Two-dozen new models to debut at Paris Auto Show amid rising consumer demand

At the Paris Auto Show, which begins this week, the world’s biggest auto makers are unveiling plans to accelerate development of electric vehicles. About two dozen new electric vehicles are set to debut and there will be announcements by Volkswagen AG, Porsche AG and Daimler that demonstrate how Tesla’s achievements are spurring conventional auto makers to respond. In Paris, Daimler’s Mercedes-Benz brand is expected to unveil a battery-powered sport-utility vehicle ... Audi AG , the luxury car maker owned by Volkswagen, is readying production of its Audi Q6 E-Tron crossover that will go into production in 2018. General Motors Co. launched the Chevrolet Bolt in the U.S. and will follow in Paris with the Ampera-E, a battery-powered compact that resembles BMW AG ’s i3 electric city-car.
Source: The Wall Street Journal

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CPO Forum in Las Vegas Offers Free, VIP Passes to NADA Member Dealers and Managers

CPO Forum - America’s Used Car Conference, presented by AutoTrader, will be held Nov. 14-15, 2016, at the Red Rock Resort in Las Vegas as part of Used Car Week 2016. As a special offering for this year’s event, sponsors have joined with the conference to offer a limited number of free, VIP tickets to NADA member dealers and managers. To claim your VIP ticket to this event, visit http://cpo.autoremarketing.com and enter the discount code: NADACPO.

The CPO conference will highlight best practices, provide insight into the data and metrics behind the CPO surge and provide dealers and managers with important information and guidance on maximizing CPO sales. For more information, contact Bill Zadeits at bzadeits@cherokeemediagroup.com or 919.674.6020 ext. 117.
Source: CPO Forum

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Past Articles
         
       
      Quotable
      "New-car dealerships are doing a better job of engaging and retaining Millennials. Sixty percent of all new hires in 2015 were Millennials, up from 57% the previous year."

          -- NADA Chief Economist Steven Szakaly, commenting on key findings from NADA's 2016 Dealership Workforce Study, NADA Headlines, Sept. 29
       
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